Jeffrey Small - Debt Heading to Center Stage #4176

There have been warnings for decades and now it's finally coming to pass. Pretty soon, interest on the public debt will become the largest line item on the federal budget. It's going to slow down economic growth and require dramatic restructuring of your government and the services it provides. Jeff is looking forward to limited or no growth for 2019. After that it's anyone's guess. But the future looks bleak.